Augusta Finance Committee Meeting Agenda March 2026
Commission Approves $27M Bond Issuance for Paine College Project
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Description
The Augusta-Richmond County Commission adopted a resolution approving the Public Finance Authority to issue up to $27,000,000 in tax-exempt bonds for The Paine College Project. The bonds will finance working capital, refinance campus obligations, and support college operations. The bonds do not constitute a debt of Augusta or the State of Georgia.
Contract Details
Contract Amount
Not to exceed $27,000,000
Vendor
PUBLIC FINANCE AUTHORITY
Agency
Richmond County, GA
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
Not later than one year from the adoption of the resolution
Renewal Date
2027-02-28
Renewal Info
Bonds may be issued in one or more series on a taxable and/or tax-exempt basis within one year from resolution adoption. No automatic renewal; standard bond issuance terms apply.
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